Sanlam takes full ownership of FBN Insurance in Nigeria

Sanlam takes full ownership of FBN Insurance in Nigeria

Sanlam is pleased to announce that it has acquired the remaining stake in the Nigerian insurance business FBN Insurance from its partner, FBN Holdings Plc (FBNH). This gives the Group 100% ownership of FBN Insurance Limited (FBNI) and its subsidiary, FBN General Insurance Limited.

The transaction, conducted through Sanlam’s business cluster

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